Reserve Bank QE taking bigger role in hitting inflation, jobs targets - Hawkesby

Reserve Bank QE taking bigger role in hitting inflation, jobs targets - Hawkesby
Paul McBeth
The Reserve Bank’s asset purchase programme will become a more active tool in hitting inflation and employment targets as the key interest rate nears its lower bound, says assistant governor Christian Hawkesby. The official cash rate is already at a record low 0.25 percent and central bank officials are working on a programme of taking the key rate negative, in conjunction with a model where the RBNZ provides funding to trading banks at or near the negative rate. The Reserve Bank’s balance sheet has more than doubled over the past year to...

More Finance

NZ insurance firm Omni bought by UK giant Howden
Finance

NZ insurance firm Omni bought by UK giant Howden

Howden has been on a shopping spree in NZ over the past few years.

John Anthony 17 Oct 2025
New open-banking regulations confirm phased Dec 1 start
Finance

New open-banking regulations confirm phased Dec 1 start

Open-banking regulations confirm Dec 1 start for biggest banks, prohibit fees and levies.

Staff reporters 16 Oct 2025
Sharesies unleashes crypto coins on platform
Finance

Sharesies unleashes crypto coins on platform

The average spend during the beta launch has been about $1,000.

Gregor Thompson 15 Oct 2025
Otago a lukewarm jewel of economic temperature: survey
Finance

Otago a lukewarm jewel of economic temperature: survey

An economic thermometer reveals a cool-to-cold mood hanging over NZ, with Otago lukewarm.

Staff reporters 15 Oct 2025